JFCP Research Journal
Lucy Delgadillo, Cindy R. Stokes, and Jean M. Lown
This study describes demographics of clients seeking a Reverse Mortgage (RM) in a Department of Housing and Urban Development (HUD) approved counseling center to understand why seniors seek RMs and to document how counseled seniors who followed through received their RM funds. Their main reasons for seeking a reverse mortgage... Read More >
Benjamin F. Cummings and Russell N. James, III
Using the Asset and Health Dynamics among the Oldest Old (AHEAD), this study presents the first longitudinal results analyzing factors associated with getting and dropping a financial advisor. We find that quantitative as well as qualitative factors are significant when evaluating the value of professional financial advice. Getting a financial... Read More >
HanNa Lim, Stuart J. Heckman, Jodi C. Letkiewicz, and Catherine P. Montalto
Financial stress and self-efficacy are examined in relationship to college students' financial help-seeking behavior utilizing Grable and Joo's (1999) framework. A cognitive approach is taken by focusing on the moderating role of financial self-efficacy on the relationship between financial stress and financial help-seeking. Data from the 2010 Ohio Student Financial... Read More >
Sarah D. Asebedo and Martin C. Seay
This study investigated the association between positive psychological attributes and retirement satisfaction using a sample of 5,146 retired individuals from the 2006 and 2008 waves of the Health and Retirement Study (HRS). Utilizing Seligman's (2012) well-being theory, positive psychological attributes, as represented by the acronym PERMA, were measured by dispositional... Read More >
John E. Grable and Abed Rabbani
This study was designed to determine if a general description of a person's willingness to take risks- risk portrait as phrased in this study-can be developed for individuals nearing retirement (aged 45-53). Using data from the 2010 wave of the National Longitudinal Survey of Youth (NLSY79), a latent risk-tolerance construct... Read More >
Eunice O. Hong and Sherman D. Hanna
Many researchers have examined the influence of the financial planning horizon variable in the Survey of Consumer Finances and the Health and Retirement Study. The question asks respondents to choose the most important time period for saving and spending decisions. These researchers have assumed that the variable reflects the time... Read More >